Analysts Set Burlington Stores, Inc. (NYSE:BURL) PT at $317.43

Shares of Burlington Stores, Inc. (NYSE:BURL - Get Free Report) have received an average rating of "Buy" from the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. Fourteen research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $317.43.

BURL has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Morgan Stanley reduced their target price on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Telsey Advisory Group restated an "outperform" rating and set a $300.00 price objective (down previously from $340.00) on shares of Burlington Stores in a research note on Thursday, May 29th. JPMorgan Chase & Co. boosted their price objective on Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Finally, Robert W. Baird cut their price target on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th.

Insiders Place Their Bets

In related news, COO Travis Marquette sold 190 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $237.63, for a total value of $45,149.70. Following the transaction, the chief operating officer owned 22,858 shares in the company, valued at approximately $5,431,746.54. This represents a 0.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen Ferroni sold 450 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total value of $108,625.50. Following the transaction, the chief accounting officer directly owned 2,389 shares of the company's stock, valued at $576,680.71. This trade represents a 15.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,060 shares of company stock valued at $253,164 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BURL. Norges Bank purchased a new position in shares of Burlington Stores in the fourth quarter worth about $227,268,000. Capital International Investors raised its stake in shares of Burlington Stores by 7.7% in the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company's stock worth $1,470,929,000 after purchasing an additional 367,703 shares during the last quarter. Alkeon Capital Management LLC purchased a new position in shares of Burlington Stores in the first quarter worth $71,499,000. Interval Partners LP lifted its holdings in Burlington Stores by 667.5% in the first quarter. Interval Partners LP now owns 307,479 shares of the company's stock valued at $73,281,000 after acquiring an additional 267,419 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Burlington Stores by 55.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company's stock worth $191,560,000 after purchasing an additional 240,144 shares during the period.

Burlington Stores Stock Down 0.2%

NYSE:BURL traded down $0.53 during midday trading on Friday, reaching $249.85. 837,132 shares of the stock traded hands, compared to its average volume of 1,001,613. The business has a 50-day moving average of $241.20 and a two-hundred day moving average of $250.30. The stock has a market capitalization of $15.76 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 2.19 and a beta of 1.64. Burlington Stores has a 12-month low of $212.92 and a 12-month high of $298.89. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.17. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm earned $1.35 earnings per share. Burlington Stores's quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts forecast that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.